TRUMP Price Plummets Over 8% Amid Team-Linked Wallet Transactions

The price of TRUMP has fallen more than 8% over the past 24 hours to around $2.27, following a series of transactions involving team-linked wallets that collected 3.39 million USDC.

According to on-chain analyst Lookonchain, these wallets supplied TRUMP into liquidity positions on Solana, converting the tokens into USDC as buyers traded through specified price ranges.

The resulting USDC was subsequently withdrawn, contributing to selling pressure that has caught up with TRUMP. The token had previously risen 61% over the past week and nearly 52% over two weeks.

Despite this decline, supply remains another factor affecting the market. Tokenomics.com shows that TRUMP's vesting programme continues through December 2027, with 16 of 34 scheduled unlock events still remaining. The next release is scheduled for September 18 and involves 28.7 million TRUMP.